Tymlez Group Limited announced that Mr. Daniel O'Halloran has been appointed Executive Chairman effective September 1, 2022. Mr. O'Halloran's appointment as Executive Chairman follows his two years as CEO, during which time he steered the Company through the unprecedented challenges of the COVID-19 pandemic, transforming the Company and creating strong foundations for growth. Specifically, Mr. O'Halloran has helped to achieve the following: Strategically shifted the Company's direction to focus on the provision of blockchain enabled solutions to capitalise on the global transition to a zero-carbon future.

These solutions fall under three key pillars, namely ESG compliance, Guarantee of Origin and Smart Energy; Re-aligned the Company's focus from developer solutions to modular SaaS products;Recapitalised the business by attracting new investors and strengthening shareholder confidence by achieving several key milestones. This has included the delivery of the Queensland Government and UON pilot projects, and the signing of TYMLEZ's first commercial agreements with Magnum Mining and Exploration, and Lloyd's Register. The Lloyd's agreement in particular represents a significant opportunity to establish TYMLEZ as a leader in the Guarantee of Origin of Green Fuel for the maritime sector; Relocated the Company's headquarters from Europe to the Gold Coast, Queensland, with the assistance of a government relocation grant; Refreshed the Company's Board of Directors and leadership team, exercised strict capital discipline, closed the office in Germany and significantly reduced staff in the Netherlands, all as part of an effort to rebuild an Australian based team with greater operational oversight; Created a strategic technology partnership with Hedera which includes a AUD 1.4 million grant and forward- looking technology platform for the product; and Established an office in the US, to support expansion plans into the US market following the announcement earlier this year of SEC guidelines for ESG.

Mr. Conroy will retain his position as a Non-Executive Director of TYMLEZ.